San Francisco-based Zumper, a rental listing site, has acquired competitor PadMapper, a move that will further grow its millennial-centric user base and expand its coverage to Canada.
PadMapper will operate as a subsidiary of Zumper and PadMapper's CEO, Eric DeMenthon, and chief technology officer (CTO), Rob Cromwell, will join Zumper. Other terms of the acquisition were not disclosed.
Zumper, which has raised $20.2 million in funding to date, says the acquisition will position Zumper as the "fifth most trafficked rental platform" and that Zumper and PadMapper received a combined 4 million visits in January.
Some of the most popular rental websites include Apartments.com, Apartment Guide and ForRent.com. Zillow recently bought what it said is the biggest New York City ...